The Ukrainian military receives $ 3 million in Ethereum funding from the new DAO

Due to the Russian invasion, Ukraine is currently facing unrest and instability. The disagreement between the two countries could be traced back to the 2014 Dignity Revolution. This is primarily the case after Russia annexed Crimea from Ukraine. Moreover, Russia carried out a new invasion of Ukraine on February 24, 2022.

The war between Ukraine and Russia has wreaked havoc on basic processes and on the country's order. As a result, a number of Ukrainian citizens and residents are blocked and powerless. Even the Ukrainian army needs all the military and humanitarian aid it can receive.

Further, various companies and individuals were motivated by the Ukrainian government's request for donations to help the country withstand the Russian invasion. In response to the call, a decentralized autonomous organization (DAO) was founded by crypto enthusiasts to raise funds for the military.

UkraineDAO organizers include Russian Art Collective, Pussy Riot, NFT Trippy Labs and PleasrDAO. DAO also joined in, calling for more assistance from the Ethereum community and crypto for the Ukrainian military. Through his moves, he has amassed more than $ 3 million worth of Ethereum-based cryptocurrencies.

The creation of UkraineDAO and Ethereum donations

Alona Shevchenko, a Londoner of Ukrainian descent, launched UkraineDAO's Twitter account just before the president of Ukraine announced the Russian invasion.

When Shevchenko received information from Ukraine about the bombing of the city, she chose to contact PleasrDAO. Her requests for assistance were answered quickly. As a result, she noted that UkraineDAO was established and launched as a result of rapid self-organization.

Shevchenko has been active in various crowdfunding projects, in addition to UkraineDAO. He is currently the leader in operations and community at FreeRossDAO. This DAO recently collected crypto tokens to support Ross Ulbricht, the creator of the Silk Road, which is currently closed.

Part of UkraineDAO's money will be used to support Ukrainian forces in operational preparations. In addition, DAO will provide Come Back Alive, a Ukrainian charity that has been banned from Patreon, a crowdfunding website, for violating the site's rules of service. Come Back Alive, on the other hand, has raised up to $ 6.9 million in Bitcoin donations alone.

Due to the Russian invasion, Ukraine is currently facing unrest and instability. The disagreement between the two countries could be traced back to the 2014 Dignity Revolution. This is primarily the case after Russia annexed Crimea from Ukraine. Moreover, Russia carried out a new invasion of Ukraine on February 24, 2022.

The war between Ukraine and Russia has wreaked havoc on basic processes and on the country's order. As a result, a number of Ukrainian citizens and residents are blocked and powerless. Even the Ukrainian army needs all the military and humanitarian aid it can receive.

Further, various companies and individuals were motivated by the Ukrainian government's request for donations to help the country withstand the Russian invasion. In response to the call, a decentralized autonomous organization (DAO) was founded by crypto enthusiasts to raise funds for the military.

UkraineDAO organizers include Russian Art Collective, Pussy Riot, NFT Trippy Labs and PleasrDAO. DAO also joined in, calling for more assistance from the Ethereum community and crypto for the Ukrainian military. Through his moves, he has amassed more than $ 3 million worth of Ethereum-based cryptocurrencies.

Part of UkraineDAO's money will be used to support Ukrainian forces in operational preparations. In addition, DAO will provide Come Back Alive, a Ukrainian charity that has been banned from Patreon, a crowdfunding website, for violating the site's rules of service. Come Back Alive, on the other hand, has raised up to $ 6.9 million in Bitcoin donations alone.